Offshore participation highlights record-tying NPBS deal
Newcastle Permanent Building Society (NPBS)’s latest transaction suggests growing investor interest in the mutual bank sector – including from offshore. NPBS priced its A$225 million (US$153.7 million), five-year, floating-rate note (FRN) deal on 21 January, led by ANZ and National Australia Bank.
First Kauri deal of 2020 has market optimistic about more
Asian Development Bank (ADB)’s 15 January deal is a sign the Kauri market has returned with a willingness to price in line with global benchmarks, deal sources say.
Overseas investors surprise with big bite of TCV issuance
Offshore bids made up a hefty chunk of the investor base for Treasury Corporation of Victoria (TCV)’s recent deal.
ANZ takes advantage of thriving US market
ANZ Banking Group (ANZ) says it brought forward its recent tier-two transaction in the US to take advantage of strong market conditions at the start of the year.
Opening transition pathways
KangaNews talks to Yo Takatsuki, head of ESG research at AXA Investment Managers (AXA IM) in London, about the ground-breaking guidelines for transition bonds his firm published in June 2019. Takatsuki was instrumental in formulating the guidelines. He shares his insights into the urgency of opening up the transition pathway so carbon-intensive industries are encouraged to work towards aligning with the Paris Agreement.